Warburg Pincus related stories
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China bike-sharing firm Ofo says raises over $700 million, led by Alibaba, others: ReutersChinese bike-sharing start-up Ofo said on Thursday it has raised more than $700 million in its latest funding round that was led by Alibaba Group and two others, in the largest such fund-raising in the business that has drawn keen investor interest.
- Silver Lake and General Atlantic to buy senior services network A Place for Mom
Silver Lake and General Atlantic have agreed to acquire senior services network A Place for Mom. The seller is Warburg Pincus. No financial terms were disclosed. Both Silver Lake and General Atlantic will have equal stakes in A Place for Mom following the deal's closing. William Blair & Company and Willkie Farr & Gallagher advised A Place for Mom on the transaction.
Canbriam Energy raises $100 mln from private equity investorsCanbriam Energy Inc has secured about $100 million (US$74 million) from its existing private equity investors, including Warburg Pincus, ARC Financial Corp, Ontario Teachers' Pension Plan, BlackRock Inc and State Street Corp. Calgary's Canbriam, a producer of liquids-rich natural gas resources, said the funds raised will help support infrastructure development related to the company's Altares Montney asset in Northeast British Columbia. Founded in 2007, Canbriam has been private equity-backed since 2008. It was in 2016 reported to be weighing https://www.bloomberg.com/news/articles/2016-10-18/warburg-pincus-backed-canbriam-energy-said-to-weigh-ipo-in-2017 an initial public offering as early as this year.
- Race to buy $10 billion-valued GLP narrows down to two groups: Reuters
The race to buy Global Logistic Properties (GLPL.SI) is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, Reuters reported.
- Blackstone agrees to buy Singapore-listed REIT for $650 mln: Reuters
U.S. private equity group Blackstone Group LLP agreed to buy Singapore-listed and Japan-focused Croesus Retail Trust (CRT) for S$900.6 million ($650 million), part of an trend of buyouts of real estate investment trusts (REITs), Reuters reported.
- Trax picks up $64 mln from Warburg Pincus
Singapore-based Trax, a provider of computer vision solutions for retail, has secured $64 million in funding. The investor was Warburg Pincus.
- China Vanke in talks to join Chinese consortium bidding for Singapore's GLP, say sources: Reuters
China Vanke (000002.SZ), the country's No.2 homebuilder by sales, is in talks to join a Chinese consortium led by Hopu Investment Management and Hillhouse Capital Group to bid for Global Logistic Properties (GLPL.SI), sources told Reuters.
- Warburg Pincus to buy Duravant
Warburg Pincus has agreed to acquire Downers Grove, Illinois-based Duravant LLC, an automation and engineered equipment company serving the food processing, packaging and material handling sectors. The seller is Odyssey Investment Partners. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. Jefferies LLC served as lead financial adviser to Duravant, with Robert W. Baird & Co also providing financial advice while William Blair & Company L.L.C. served as financial adviser to Warburg Pincus.